KEY POINTS:
Australia's central bank yesterday held interest rates unchanged at 6.75 per cent, which was widely anticipated by the markets.
This morning, New Zealand's Reserve Bank Governor Alan Bollard is expected to follow the Australian lead - keeping the official cash rate on hold at 8.25 per cent.
More important for economists, banks and those who follow the fortunes of the New Zealand dollar, will be the tone of Bollard's comment.
Pundits will be looking for any signs that he may look to raise rates further or indications about when he is likely to begin reducing rates.
Most economists predict he will keep rates on hold for most of next year before beginning to ease them.
The Reserve Bank of Australia said that it remained concerned about inflation but, given the uncertain global economic outlook, it believed the current stance of monetary policy should be maintained for the time being.
It raised rates in August and November in an effort to cool the domestic economy and restrain inflation.
